Importance

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Abstract

A computerized order centric method and system for tracking orders implemented on a trading floor exchange. The system automatically routes orders to a booth and a floor broker according to a symbol associated with the particular security being traded. The method for processing an order for a security on the floor of an exchange includes representing a security with a symbol and allocating a set of symbols to a booth. In addition a set of symbols is allocated to a floor broker ID. An order, relating to a symbol is entered into a computer and transmitting to a computer server. The order is routed through the server to a computerized booth station associated with the booth to which the order symbol had been allocated. In addition, the order is routed through the server to the floor broker ID to which the symbol associated with the order has been allocated. Typically the floor broker ID is logged into a computerized handheld device. Typically, multiple booths are utilized with a unique set of symbols allocated to each booth station. The set of symbols allocated to a floor broker ID is a unique subset of the set of symbols associated with a booth. Additionally a heartbeat signal from the handheld device to the server can be required within a predetermined time period. A floor broker can be automatically logged off of the server in the event the server does not receive a predetermined number of heartbeats.

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First Claim